ES Journal Archive (2011)

[sosueme]

Quote from Pekelo:

I really don't want to debate this, because knowing the ingredients of your indicator doesn't make you a better trader, but how many of the computer users (basicly everybody) can actually describe how it works?

If you like Stoch, use it. I like pizza, I will eat one....

I don't use indicators and this choice has come from knowing their construction and therefore their shortfalls.

Mostly I suspect, they are used as a crutch and people don't realize how much better off they would be without them.

For example, if you rely on OB/OS [which is a good one] then why not focus your attention on the behavior of highs and lows of the bars at s & r lines.
Much more realistic.

 

[emg]

Quote from emg:

plan on going long 1304.75

order cancel. missed by 4 ticks

 

[Now is Now]

Quote from Now is Now:

BGT 130450...STP <130150


NiN

Knocked Out 130150...oil has gone nuts

NiN

 

[emg]

plan on going long 1298.25

 

[tortoise]

flash crash alert

 

[shakira]

Quote from emg:

order cancel. missed by 4 ticks

LMAO

 

[Now is Now]

Quote from emg:

order cancel. missed by 4 ticks

Posted 5 minutes AFTER it hit 130475....!!! Another Walter Mitti

NiN

 

[ammo]

Quote from ammo:

on the right is a 30 day cumulative 30 minute chart the left is individual days, the widest spots ,nips or point of control,poc in market profile are where the most trading happened,hence leftover longs and shorts that would like to close positions,they act as support or resistance depending on how strong the momentum is,.. the 1303-4 area was the nip on feb 3,its also a cumulative area on the right hand side,you pick areas like this and whatever way we are moving ,use them as targets to keep you in a trade,i hand chart and that left side 1304 is the next area that hasn't been touched since it was made,market profile calls it a virgin point of control,rather than try to remember all the acronyms, i use nip for the wide,cleavage for the narrow and ledge for the large flat spots

you combine those numbers with other indexes and it gives you a wider sense of the bigger players and how the are respecting the momentum,supp,res,when they don't hold you know they are moving larger size,look for the next area ..the djt is hitting a nip here ,see if the selling stops..if buyers come in

 

[emg]

Quote from Now is Now:

Posted 5 minutes AFTER it hit 130475....!!! Another Walter Mitti

NiN

i did mention posting live call expect to be delay up to 20 min. My live trades/account comes first. Forum will be the last

 

[aquarian1]

Quote from ammo:

on the right is a 30 day cumulative 30 minute chart the left is individual days, the widest spots ,nips or point of control,poc in market profile are where the most trading happened,hence leftover longs and shorts that would like to close positions,they act as support or resistance depending on how strong the momentum is,.. the 1303-4 area was the nip on feb 3,its also a cumulative area on the right hand side,you pick areas like this and whatever way we are moving ,use them as targets to keep you in a trade,i hand chart and that left side 1304 is the next area that hasn't been touched since it was made,market profile calls it a virgin point of control,rather than try to remember all the acronyms, i use nip for the wide,cleavage for the narrow and ledge for the large flat spots

Thanks ammo.

So when trending down as today was you look at untouched nips as targets in the direction of the trade - as 1304 was today. These tragets help keep you in the trade.

You mention "the left is individual days" though it seems to be cut off?

Also you mention you hand chart.
So as the cumulative 30 day 30min nips are built you mark these on your chart?